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Real Estate

How much it could cost to rent in Austin based on the neighborhood

Trying to move neighborhoods? We looked at 15 different neighborhoods around Austin to compare cost of rent to the local average.

August 1, 2024 • 
Laura Figi
The pond at Beverly S. Sheffield Northwest District Park in Allandale, with a bench set to the right side.

Beverly S. Sheffield Northwest District Park cin Allandale contains multiple playgrounds, a baseball diamond, swimming pool, and peaceful scenes by the pond.

Photo by ATXtoday

Ever wondered if a move could help you save some dough? You’ve come to the right place to help you find the next place.

Rental costs in the Capital City have been falling for over a year, decreasing by about 6%-10% year-over-year.

In fact, Austin ranked as the top rental market in the US for 2024 — and the top rental market for college graduates — according to studies from Realtor.com. The reasoning? A healthy rent-to-income ratio, low unemployment rate, and rental availability.

Compared to other large US cities, Austin also offers a decent bang for your buck in terms of space. According to a study from RentCafe, $1,500 per month can get you ~759 sqft of space to call home. That number is the least amount of space you’ll find in Texas, but 30 sqft more than the average American city dweller has.

Here’s the price situation in Austin: the average rent for a one-bedroom apartment is $1,445 per month according to Rent.com, $1,603 per month according to Zumper, $1,436 per month according to Apartments.com, and $1,707 monthly according to RentCafe. We averaged those numbers to come up with a citywide average of $1,548.

To get the rent measurements for each neighborhood, we averaged the averages from those four websites, which used data from the last six months. Without further ado, let’s take a look into the (note: approximate) cost of living in 15 of Austin’s neighborhoods.

Find each of these neighborhoods on the map below:

powered by Proxi

Allandale and Rosedale

  • Average apartment rent: ~$1,602
  • ~3.5% more than the average rent in ATX

Nearby landmarks: Beverly S. Sheffield Northwest District Park, Shoal Creek, Top Notch Hamburgers

Barton Hills

  • Average apartment rent: ~$1,662
  • ~7.4% more than the average rent in ATX

Nearby landmarks: Barton Creek Greenbelt, Zilker Park, Barton Springs Pool

Brentwood

  • Average apartment rent: ~$1,682
  • ~8.7% more than the average rent in ATX

Nearby landmarks: Brentwood Neighborhood Park, McCallum High School, Texas School for the Blind and Visually Impaired

The Congress Avenue Bridge as seen from the hike and bike trail along the water.

Renting in Downtown Austin will cost a pretty penny for a relatively small space.

Photo by ATXtoday

Downtown

  • Average apartment rent: ~$2,800
  • ~80.1% more than the average rent in ATX

Nearby landmarks: the Texas State Capitol, Ann & Roy Butler Hike-and-Bike Trail, Waterloo Park

East Cesar Chavez

  • Average apartment rent: ~$2,080
  • ~34.4% more than the average rent in ATX

Nearby landmarks: Cold Towne Theater, Cosmic Saltillo, Holey Moley Golf Club

East Riverside

  • Average apartment rent: ~$1,475
  • ~4.7% less than the average rent in ATX

Nearby landmarks: Heritage Oaks Neighborhood Park, Emo’s Austin, Ann & Roy Butler Hike-and-Bike Trail

Hyde Park

  • Average apartment rent: ~$1,363
  • ~12% less than the average rent in ATX

Nearby landmarks: Elizabet Ney Museum, The Triangle, Waller Creek

Montopolis

  • Average apartment rent: ~$1,555
  • ~0.5% more than the average rent in ATX

Nearby landmarks: Civitan Neighborhood Park, Yates Pocket Park, Austin Community College at Riverside

A view of the lake from the Mueller Lake Park, with pink wildflowers in the foreground.

Mueller has 140 acres of green spaces, including the Mueller Lake Park. | Photo by ATXtoday

Mueller

  • Average apartment rent: ~$1,871
  • ~20.9% more than the average rent in ATX

Nearby landmarks: Mueller Lake Park, Pharr Tennis Center, Morris Williams Golf Course

North Burnet

  • Average apartment rent: ~$1,808
  • ~16.8% more than the average rent in ATX

Nearby landmarks: Q2 Stadium, Walnut Creek, The Domain, ACC at Northridge

North Lamar

  • Average apartment rent: ~$1,308
  • ~15.5% less than the average rent in ATX

Nearby landmarks: Brownie Neighborhood Park, St. Mark’s Wildflower Meadow, Chinatown Center Mall

Oak Hill

  • Average apartment rent: ~$1,631
  • ~5.4% more than the average rent in ATX

Nearby landmarks: Barton Creek Greenbelt, The Natural Gardener, Williamson Creek

South Lamar

  • Average apartment rent: ~$1,496
  • ~3.4% less than the average rent in ATX

Nearby landmarks: The Broken Spoke, End of an Ear, Radio Coffee & Beer

ATX_SoCocrowd

All the upscale shopping your could ever need can be found on South Lamar.

Photo by ATXtoday

Tarrytown

  • Average apartment rent: ~$2,192
  • ~41.6% more than the average rent in ATX

Nearby landmarks: Mozart’s Coffee Roasters, Lions Municipal Golf Course, The Contemporary Austin — Laguna Gloria

West Campus

  • Average apartment rent: ~$1,788
  • ~15.5% more than the average rent in ATX

Nearby landmarks: The University of Texas at Austin, Neill-Cochran House Museum, Pease District Park
Did we cover your neighborhood? Which locale would you like to see us analyze next? Let us know.

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